SAP In-House Cash to In-House Banking
SAP’s In-House Banking solution is the new innovation available with 2208 release of SAP S/4HANA Cloud and in this blog post we see some comparison with In-House Cash solution which is available since 1998.
SAP has been working on continuous improvements, bringing in new innovations from In-House Cash to In-House Banking.SAP In-House Cash is an internal banking solution for corporates based on SAP’s banking software SAP Bank Customer Accounts (BCA). The main component of SAP In-House Cash is the in-house cash center which processes payments between the various subsidiary companies. The in-house cash center is basically a virtual internal bank where subsidiaries hold current accounts. It is available with SAP S/4HANA on premise.
SAP In-House Banking is the new innovation, an internal banking solution, where subsidiaries can maintain in-house bank accounts with headquarters, available from this year, with SAP S/4HANA Cloud 2208 release. It works with both SAP S/4HANA Cloud and on premise.
While there are similarities between the two solutions, there are some differences too. Both solutions aim to reduce the number of external bank accounts and bank connectivity cost with internal banking. With all the latest innovations, In-House Banking offers benefits over In-House Cash and these benefits are shown below.SAP’s In-House Banking functionality works with both SAP S/4HANA Cloud and on premise. It can be activated with scope item 6BP in Best Practice Explorer for SAP S/4HANA Cloud.
In-House Banking is fully embedded in the Advanced Payment Management solution (scope item 4MT) and derives all its benefits like central monitoring and approval of payments for SAP and non-SAP systems.
We get new Fiori based UI for attractive look and feel with In-House Banking.
The following Fiori apps are delivered with SAP S/4HANA Cloud 2208 release:
|Fiori ID||App Name||Link to App Documentation|
|F5940||Manage In-House Bank Limits||Manage In-House Bank Limits|
|F5941||Manage In-House Bank Conditions||Manage In-House Bank Conditions|
|F5942||Manage In-House Bank Accounts||Manage In-House Bank Accounts|
|F6038||Upload In-House Bank Accounts||Upload In-House Bank Accounts|
|F6039||Manage In-House Bank Account Templates||Manage In-House Bank Account Templates|
|F6338||Manage In-House Bank End of Day||Manage In-House Bank End of Day|
|F6339||Manage In-House Bank Payment Items||Manage In-House Bank Payment Items|
|F6340||Display In-House Bank Account Overdrafts||Display In-House Bank Account Overdrafts|
|F6341||Manage In-House Bank Account Balances||Manage In-House Bank Account Balances|
|F6651, F6652||Manage In-House Bank Workflows||Manage In-House Bank Account Workflows|
|F6828||Manage In-House Bank Application Jobs||Manage In-House Bank Application Jobs|
We get Fiori App for creating single and group limits.
We get upload functionality for single and mass accounts.
It allows payment files and bank statements in different formats.
Standard job templates are available for executing bank statements and transfer to General Ledger.
SAP Learning Hub
SAP Partner Edge Event session recordings for In-House Banking with details are available – Link to Session Replay
There are more innovations planned for SAP In-House Banking with the upcoming release of SAP S/4HANA Cloud. Visit SAP Roadmap Explorer to know the details.
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Let us know your thoughts on the new In-House Banking solution in the comments section below.
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More Information on SAP S/4HANA Cloud:
- Finance with SAP S/4HANA Cloud 2208 blog
- Finance Collection Blog (roadmap, quarterly release highlights, microlearnings) here
- openSAP Microlearnings for SAP S/4HANA for Finance and GRC here
- SAP S/4HANA Cloud Customer Community for Finance here
- SAP S/4HANA Cloud release info: http://www.sap.com/s4-cloudrelease
- SAP S/4HANA PSCC Digital Enablement Wheel here
- Early Release Webinar Series here
- Inside SAP S/4HANA Podcast here
- Best practices for SAP S/4HANA Cloud here
- SAP S/4HANA Cloud Community: here
- Feature Scope Description here
- What’s New here
- Help Portal Product Page here
- Implementation Portal here